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CNBC
Oct 11, 2012 12:00pm EDT
of that debate, alan simpson and erskine bowles will join goldman sachs ceo lloyd blankfein for an exclusive interview with our own steve liesman. what's really at stake? can a deal be made? what will the fallout be if not? all those topics certainly to be covered today at the bottom of the hour. >>> first let's hit the market. stocks attempting to snap back after four down days. is the correction over? josh brown, can the rally resume? >> i'm not sure. this is not a great snapback. today we're looking at it already starting to fade. apple is really the focus for most traders. obviously a market leader is not acting well today after a pretty tumultuous week. the other thing i'd point out from a technical standpoint, 1430 becomes very important. horizontal support from the march and april highs at that level. plus it's the 50-day moving average. we're right there. i think a lot of people are just hanging loose and they'll wait and see. >> steve weiss, what started out as a pretty robust day is quickly leaking away here. >> yeah. what started out as somewhat of a positive outlook bas
MSNBC
Oct 11, 2012 10:00am PDT
cnbc. steve leaseman, senior economics correspondent questioning alan simpson, passionate about the failure of the administration and in fact paul ryan who voted against it and was on the simpson-bowles commission and rest of the teams in congress, you know, to embrace the simpson-bowles outline at least. this is likely to come up tonight as well. he is here because he's a member of the presidential debate commission, has been for decades. let's watch. >> i asked you to talk to romney and ryan what would you say to them -- >> i would say -- >> that you have concerns about. >> we have a leaderless government and they lead. they can govern. this gentleman can't govern. he can't governor earn. he's doing politics day and night. >> alan simpson being alan simpson. i've covered him for decades, mark you have as well. but it's certainly gives the republicans a little bit of a talking point since alan simpson is someone the president points to as being, you know, the simpson-bowles plan that i appointed. >> if you like me to feign shocked alan simpson said something newsworthy and outrageo
MSNBC
Oct 11, 2012 1:00pm EDT
govern. he can't governor earn. he's doing politics day and night. >> alan simpson being alan simpson. i've covered him for decades, mark you have as well. but it's certainly gives the republicans a little bit of a talking point since alan simpson is someone the president points to as being, you know, the simpson-bowles plan that i appointed. >> if you like me to feign shocked alan simpson said something newsworthy and outrageous, i will. some say he shouldn't be in that mode on the day of the debate. that's the republicans' increase lig full-floated argument why the president should be replaced as the economy's gotten better it's harder for them to make a straight economic argument and simpson is giving voice to what you hear a lot not just the romney campaign, it's about leadership overseas, leadership at home and alan simpson says -- said in his colorful manner. >> pithy way. >> maggie you've been writing for politico on five things to watch tonight. what are you watching for tonight? >> the main thing i'm watching for is how joe biden performs we all are. joe biden has gotten this reput
FOX Business
Oct 16, 2012 8:00pm EDT
questions are raised by average folks who are said to be undecided. alan simpson wants to make sure among those questions raised will be debt, deficits, i think it will is fair to say, alan, co-chair. they will be. what do you think, how do you think the candidates respond to the environment like this? >> well, i think for someone so say when one of you will do the best job of restoring solvency of social security over 75 years, then they will turn as white as your shirt, that the not work well. then somebody will say what will do you about a $16 trillion debt, and the deficit, can you tell us really, and be specific. let me tell you, it will -- as i say, it will look like fred a stair on steroids as they tap dance through that. neil: maybe not, maybe they will surprise you. >> they have, to somebody in the audience according to polling the people of america are asking about the debt and deficit. neil: a lot more. >> especially women, which since arresting. neil: we're -- when is interesting. neil: we're told they can't ask a follow-up, i can't imagine a couple are not tempted to, d
CNBC
Oct 11, 2012 1:00pm EDT
alan simpson talk for as long as he wants to go. >> i'm sure you would, steve. as a market participant with the view of what wall street wanted to hear today, lloyd blankfein said in his words, i'd be a buyer of the market on a deal. what's the tradable information we got out of this interview today? >> well, tradable information is that goldman has basically protected their downside, but if you were sort of on the fence about goldman, you got to love lloyd blankfein. he comes off as a true ceo, not the darth vader, not the negative picture that some traders want to believe. i like goldman coming out of this because they are prepared for the up side, yet they are protect being the downside. >> josh, take what erskine bowles said, that he believes the market has in fact priced in that there is going to be a deal. reason why the s&p 500 is not that far away from that 4 1/2-year high. how do you see the market? what would you do today and over the coming weeks based on those comments? >> there is a new name that's starting to circulate. you hear a lot of chief strategist types
CNBC
Oct 12, 2012 6:00am EDT
fiscal cliff near, steve liesman sat down with lloyd blankfein, alan simpson and irs skin bowles. >> people won't understand how critical this time in history is. we have $7.7 trillion worth of economic events that will hit america in the gut in december. and in washington they're doing nothing about it. nothing abit. we should be asking these guys running for president and every guy running for congress what are you going to do? >> we're accepting the challenge to do something about the looming fiscal cliff, so this morning we will ask each of our guests about the stakes and consequences for action and inaction. blankfein predicts that there would an huge positive impact on the economy and the markets if a bipartisan compromise is reached. he says he would be a buyer of the market as a result. plus andrew has a great line of corporate leaders. >> thank you, becky. and did you a remarkable job last night. so congratulations on this. we're here a ron baron, marking the 30th anniversary of his company. and as he does every year, he's bringing together his investors and the company
CNBC
Oct 11, 2012 9:00am EDT
exclusive with lloyd blankfein, alan simpson and erskine bowles. >>> we are looking at an up day here on the street. much more "squawk on the street" strayed ahead. [ male announcer ] the 2013 smart comes with 8 airbags, a crash management system and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. with the blackish-blue frame and the white dots and the splattered paint pattern, your lights are on. what? [ male announcer ] the endlessly customizable 2013 smart. >>> time for cramer's "mad dash," ahead of the market open. use a name we haven't talked about this morning -- federal express. >> i looked at what caused the sell-off we've been enduring for some time now. fedex first said global trade going to go down. then few weeks later they actually report their earnings. then they even hammer home that it is worse than they said a few weeks ago. another leg down. transports. suddenly they have a meeting. it is a wand waver and they wave it and bank of america raises numbers fedex. next thing you know the stock is above dramat
CNBC
Oct 11, 2012 6:00am EDT
baseball playoffs. and don't miss steve liesman sitting down with lloyd blankfein, alan simpson ande ersskin bowles live at 12:30 p.m. eastern. >>> in sports news, giants -- this started bad and got worse. beat the reds 8-3. the series is tied at two games each. supposedly i love fifth game or seventh game to decide the series. >> i figured last night was cutting it a little too close for you. >> every pitch, every foul ball. anyway, people are excited in new york about the yankees defeating the orioles 3-2 in extra innings. a couple of home runs in the ninth and the 12th. >> etwo games to one lead in th series. a bottom of ninth home run. and homered again in the 12th. first player to homer devices in a postseason game in which he didn't start. >> and he's 40 years old. >> wow. that's amazing, too. i i shaw some comments about pee rose about a-rod that he's never seen a-rod not run out a fly ball.i saw some comments about rose about a-rod that he's never seen a-rod not run out a fly ball. saw some comments about p rose about a-rod that he's never seen a-rod not run out a fly ball. p
CNBC
Oct 11, 2012 4:00pm EDT
. to get its act together on the fiscal cliff and the nation's debt along with alan simpson and erskine bowles. it's the interview you'll see only on cnbc. it's next, so keep it right here. >>> then, just a little bit later -- ♪ so good, so good, sugar >> it's the video the big soft drink makers do not want you to see ironically made by a former ad executive whose agency represented none other than coca-cola for years. someone here says to watch out because it's not exactly on the up and up. we're going to go to the front lines of the soda wars coming up. stick around. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#:
FOX News
Oct 6, 2012 7:30am PDT
that we're over. and the co-chairman alan simpson about before the first presidential debate. >> one of the arguments is, no matter who is elected, they, the table this for six months, whether it's to reelect president obama or newly elected president romney, deal with it in the winter in a substantive way, going so far as to reform the tax code, everything you want. do you think that's what's going to happen? >> i think that could happen, regardless who is president because the markets are going to begin to rattle their chains, it will be like a dungeon, say, look. >> why haven't they rattled? >> they're waiting for this to pass. >> anything could happen. >> they look at america as some the stupidest people on earth if they're going to let go over the cliff when you have a mindless sequester of 600 billion on defense, 600 billion with an ax, they're going to say you're dysfunctional and we want more money for our money and inflation kicks up and the guy that gets hurt the worse, the little guy that everybody talks about day and night. >> a funny thing happened on the way to
PBS
Oct 25, 2012 7:00pm PDT
in business confidence. fix the debt is chaired by former senator alan simpson and erskine bowles, the same men the president tapped to lead the national commission on fiscal responsibility. it's a very important issue for their businesses. >> tom: many months ago they were reprimanded for to the being more vocal about the fiscal situation in the united states. and here at the are on the eve of the presidential election getting their voices heard, certainly. let's get going with tonight's "market focus." the major indices squeezed out some small gains after the sharp losses since late last week. the s&p 500 started strong with the market focused on the strong durable goods report for september and the drop in first time unemployment insurance filings last week. but those gains disappeared by noon eastern time; the index finished with a small gain. trading volume was 695 million shares on the big board; 1.94 billion on the nasdaq, the energy sector led the way, up nine tenths of a percent. health care rebounded eight tenths of a percent. and helped by procter & gamble, the consumer
CNBC
Oct 11, 2012 7:00pm EDT
to former senator alan simpson in an exclusive interview only on cnbc today. >> you have a situation where grover norquist has obtained this pledge in the '80s, in the early '90s, he got this pledge that you wouldn't raise taxes under any circumstances unless they are commensurate with spending cuts and those guys are enthralled to him. >> best way to take that on is to reform the tax code, to broaden the base and simplify the code, to wipe out these tax expenditures and use that money to reduce rates. >> well, all right. lo looks like bowles supports the grover norquist idea which is the romney idea. sounds like simpson, as usual, is being very crotchety. let's get to the two guests to get to the hoe-down. dean baker from the center for economic and policy research and the aforementioned grover norquist, president of americans for tax freedom. first of all, grover, what is alan simpson talking about? >> well, simpson and bowles, their proposal, the one thing they are specific about is they will take taxes from 18.5% of the economy under normal circumstances, the historical average f
FOX News
Oct 4, 2012 4:00pm EDT
. >> just show me. >>neil: as much as you annoy me, she annoys me more. think allen alan simpson, maybe younger, or simpler. hi. i'm henry winkler. and i'm here to tell homeowners that are 62 and older about a great way to live a better retirement. it's called a reverse mortgage. [ male announcer ] call right now to receive your free dvd and booklet with no obligation. it answers questions like how a reverse mortgage works, how much you qualify for, the ways to receive your money, and more. plus, when you call now, you'll get this magnifier with l.e.d. light absolutely free. when you call the experts at one reverse mortgage today, you'll learn the benefits of a government-insured reverse mortgage. it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ >>neil: the candidates are tackeling debt last night. are they listening? >> we go all over the country, we do math, not myth. we say, we don't want any filtered questions. when we stop afte
CSPAN
Oct 19, 2012 6:00am EDT
matthew lee and guy taylor. we will speak with a professor jonathan turley. alan simpson will defend the electoral college. we will speak to a policy analyst with bloomberg government. "washington journal" is live at 7:00 a.m. eastern time. >> with the focus on presidential debates, c-span is asking students to send a message to the president. this is part of the student cam documentary series. all for a chance to win the grand prize of $5,000. c-span student cam competition is open to grades 6-12. >> president obama and mitt romney spoke last night at the al smith dinner last night. this is 40 minutes. >> thank you. i hope you all enjoy your meal. first off, i would like to say that henry kissinger is up here on the stage. [applause] he told me it is his favorite dinner. we have many distinguished guests tonight. governor andrew cuomo is here. [applause] the governor is working on some material for his 2016 announcement dinner speech. [laughter] i noticed he gets closer and closer to the podium every year. just like jaws. [laughter] charles schumer is here. [laughter] there was recently
FOX News
Oct 2, 2012 1:00pm PDT
giuliani and former debt commission co-chair, alan simpson and sarah palin joining us, home depot founder, the democratic mayor of los angeles, as well. watch us. you can tivo bret baier. he is okay with it. the guy is a saint. a saint. anyway, bucking china in the buckeye state. telling companies to lay off the lay off notices five weeks ahead of the election. do you notice a pattern here? we do. you report. you decide. the world needs a broader mix of energies. that's why we're supplying natural gas to generate cleaner electricity... that has around 50% fewer co2 emissions than coal. and it's also why, with our partner in brazil, shell is producing ethanol - a biofuel made from renewable sugarcane. >>a minute, mom! let's broaden the world's energy mix. let's go. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call and find out abou
CSPAN
Oct 14, 2012 9:55pm EDT
by alan simpson, on the deficit of national debt. he does not pay attention to that. how about romney? which romney will appear? which excess guest will we know, the answer to your question in my opinion is that the primary process is that the republican nominee is so far to the right, he will have to make a sharp u-turn. a persuasive one. >> let me ask you a double- barrelled question. it is about health care. a lawyer of some renown, i would be curious to your views as to what the supreme court should do with respect to health care. in addition, i would be curious to see if any thoughts about what is going to happen and down the road with health care. i think that is dependent upon the election with the president and the house and the senate. the double-barrel part of this is, what are your thoughts about where they are going to go in terms of the republican house in congress and the democratic senate, which is very tenuous in terms of its numbers and it could turn over in this election. what influence that will have even if obama is reelected, on what the future of health ca
FOX Business
Oct 3, 2012 6:00pm EDT
just well. now we will see whether the answers. and alan simpson, as you know, tends to be a bipartisan basilar if they don't answer those questions. gerri: it's going to be fun. i'll be watching. good luck. drink a lot of coffee. >> exactly. gerri: thank you. well, as president obama and mitt romney square off tonight they will do so under a strict set of rules. these guidelines have been established by the commission on presidential debates. that is a real thing. here is the format. six, 15-minute segments. the first three and the economy followed by health care and the role of government. the moderator from pbs will ask president obama the first question and then candidates will alternate for all 90 minutes. for each question the candidates will have two minutes to respond and are not permitted to talk to each other. much more on the debate when i'm joined by one of the smartest political minds and politics, call growth. you don't want to miss that. all right. both candidates will be trying to win over undecided middle-class voters, and the big concern, who has the better
FOX News
Oct 15, 2012 4:00pm EDT
financial factor is at every day. tomorrow night we're live from hoswho was tra onhofstra at fox. we'll have bobby jindal, alan simpson,
FOX Business
Oct 3, 2012 3:00pm EDT
ashley: i am ashley webster in for liz claman. we start the last hour of trading with the dow losing steam. let's take a look at some good news economy released. institute for non manufacturing index rose 5 to 55.1 in september. that is up from last month. any reading above 50 signals activity is expanding. on the jobs front private sector payrolls increased by 162,000 last month according to the payroll processing firm adp. that is higher than expected. positive news boosting stocks, the dow losing steam. volume below average even by recent standards. hewlett-packard the biggest drag on the dow hitting its lowest level in ten years after the company issued a very bleak forecast for the 2013 period due to a decrease in technology spending worldwide. oil falling well below 9500 in terms of slowing demand. the impact of china and drop in oil prices making the energy sector the worst performing sector today. oil settling down by $3.75. i am here filling in for liz claman because liz claman is in cleveland, of ohio. her old stomping ground as part of the open for business series and liz will talk to business leaders to find out how the city turned itself around. we want to know. give us a preview. liz: is part of our fox business series open for business. how could cleveland not be? this is the place. i just landed and got to the ritz hotel and saw jimmy page in the elevator. i am kidding but this is the home of rock-and-roll. it is where the term rock-and-roll was coined but also where the traffic light was invented and the alkaline battery and a gas mask and electric light system. so much industry began here and so much is happening here. wait till you see what we are going to do the next two days. starting tomorrow through friday cleveland opened for business. we have got everybody in coming including we like to say he is a little bit country rock and roll. the tennessee billionaire in his first live interview he is giving as the new cleveland browns owner. can a guy with the tennessee spirit term the bad news bears' team around. we will talk about management and what to do about the coach and the president and i talked to the driver who said he started greeting fans during the games, and the most passionate people. governor john k. sec who took over as governor and unemployment was 9% at the height of the financial crisis. today 7.2%. today is fourth. how does he keep the picture improving? the term rock-and-roll hall of fame created here. we will be live all day tomorrow at the rock-and-roll hall of fame. the ceo on the unbelievable economic impact. $100 million come through the rock hall of fame. one of the top tourist attractions in the united states. we have a big surprise announcement from the rock hall of fame tomorrow. don't miss that. on friday the ceo on real-estate. we have got the warren buffett focus who turned his investment on cleveland. a rare interview with the chairman, president and ceo who does not do a lot of interviews. he started in in 1973 as a student employee and he has risen to be the ceo. that is the great american great cleveland story. we have mayor frank jackson and president mark shapiro, this is a great story in cleveland. ashley: got to let you get back to jimmy page. liz claman in cleveland, ohio. we look forward to all of her great interviews and how to turn that job creation around. we would love to know how they did that. let's get to the floor show with traders at the stock exchange and the cme group and nynex. let's go to the stock exchange. we got some decent private jobs numbers but this market totally ran out of steam. >> the jobs numbers locked up 50 points but we should keep in mind the jobs number gets adjusted by 50,000 or 60,000 and nobody knows which way so friday will be bigger. it was 1350 in the future which presented resistance and lack of anybody wanting to buy. people are taking it off the table. no real conviction on either side. stuart: i heard you talking to sandra in the last hour about the election. does that reflect what is going on in china because the economic news has been somewhat mixed but it has been more encouraging. >> it is but the markets show you. we backed off after two data points set the tone and the tone is the bottom line is qe 2 is the last quiver in the last hour and needs to deliver. china's demand is waning and it will continue to drive commodity like oil and we have seen steel struggling for the better part of the year. and corn and wheat and all those commodities continue to trade and that is will we are watching. the big focus on the floor friday. ashley: good points at the nynex. oil is down and a big drop today. how far does it go? how much lower can it go? >> from the technical and fundamental standpoint, we reached where the objective is. major support of $87 and we expect more of a bounce here. this is a market that failed on several occasions at the $94 level. we broke through $91. this is where it is supposed to be. had no chance but getting here so inventory reports for the last couple weeks have been very neutral. it is not bearish. they had to come down here. here is where the market will get tricky. you will probably get a trade up to the $91 level. that is where the market has to begin to get sold but this is where we are going to go. not going much lower quickly. it has to -- you have to a absorb these numbers because the market doesn't go in a straight line. ashley: thank you for joining us for the floor show. the dow is still up 7 points. my next guest says even though the market is up 15%, still plenty of room to run. the chief investment officer is spending the last hour of trading with us on fox business in an exclusive interview. much more room to run. how far could we run? >> may be another 5% or 7%. a few factors behind this market. they're very accommodative so they are throwing -- ashley: what level of talking about? >> 1500 plus. ashley: a bad job number friday. what does that do? >> it is short-term noise. the big question is where our earnings going? i don't see major widespread pressure on earnings. >> they could disappoint even more. >> that is down to individual companies and you find the individual companies you want to be in. let's talk about oracle. they report better numbers and had very good reception. h p, with a disappointed? they got hit hard. it is that have and have-nots. ashley: you were here aug. 20 first and recommended out the. let's look at what it is doing. up nicely indeed. you still like this stock? >> when i talked about this last year, it was really how it was going to expand globally. a couple more products have come out getting positive results. it really extends and expands the portfolio beyond one product. ashley: so much money on the sidelines for the private equity of $1 trillion. businesses are keeping the power draw because there's so much uncertainty. i ask this in an earlier show. when does the dam break. when will we get the inflow of money into equities? >> when people realize they could lose money in bonds which is going to happen over the next two or three years. people will say this is not as safe and asset class as i thought. and equities can truly grow. ashley: we will see when that happens. you will be with us for the hour. stick around. we are just hours away from the first presidential debate. fox business's peter barnes has up for review. so much riding on this for the romney camp. >> that is right. the new wall street journal poll shows a statistical dead heat. president obama leading mitt romney 49-46 within a three point margin of error. both of the debaters will be coming this afternoon. one of them may be there already but both will be here to do their standard walk through. they will get up on the stage and stand at the podium and check the lighting and placement of shares and cameras and everything they need to do and that is not a non important thing. i was reading up on some past debates here. in president reagan's debate with vice president mondale one of his aides came out during the walk-through and noticed that the lighting and president reagan was not very good. it highlighted his sunken eyes believe it or not so the aid ended out figuring out there was a reflection of of the podium under president reagan's eyes. so he put out a cab to block the light and said that made a critical difference on how well president reagan looked. part of the procedure is for the candidates to get comfortable and get the feel of the podium and the platform and the debate all. ashley: little things can make a big difference. all the way back to richard nixon's wedding in the kennedy debate. peter barnes. thank you so much. neil cavuto will be leading coverage from denver on fox business at 8:00 eastern. a host of guests including former debt commission co-chair alan simpson, former alaska governor sarah palin peterson thome tivo co-founder bernie markus and martin o'malley, chairman of the democratic governors' association. join us at 8:00 p.m. for neil's coverage. the closing bell will ring in 49 minutes. general electric invested $20 million in project fraud. the company pre built energy-efficient structures. we will talk to the ceo of project fraud about how she is building her way to the top and why she thinks her company could be the next apple. stuart: netflix is the power mover of the hour with shares jumping 9%. let's look at this charge up to $61.69, $5 for the day. citigroup reiterating its buy rating on this company noting this is the first time since last summer that customer satisfaction has started to improve. netflix struggles since hiking prices and trying to split its dvd service but looking good up now 9%. nice move for netflix. with a look at what else is moving markets let's go to nicole petallides at the stock exchange and sandra smith at the cme. let's start with a market that is lost steam and is struggling to stay above the water mark. >> the dow is up one point. energy is a group that we follow closely. oil is below $90 a barrel at $87.86. the energy sector and stocks with and are the worst performing sector. you can see some names to the downside. i am talking with mark newton who was talking about the fact that the pullback in energy is serious technically and trending lower since mid september and energy in the near-term looked like it would underperform before it stabilizes. not great news when you look at the sector. some names seem more attractive than others but we are watching and andy and is pulling back and there's that inverse relationship as oil pools back. the transports do well. airlines have been taking off no pun intended. ashley: we still laugh. let's go to sandra at the cme to talk about oil. you are talking to gerald levy in the previous hour. interesting how far oil can go. analysts are saying the price where we are right now. >> some predict we could see it fall farther from here. there are all sorts of things that could coming to play. the election or the global economy we are seeing weakness in europe and china way in on energy prices and the fact that we're seeing productions at 15-year-old highs bringing down these prices and if you look at the commodity laggers today. and after hours trading, below $80 a barrel and natural gas prices cool down as well. that is the first sell-off in natural gas in ten days. a lot of optimism as it was coming of a decade lows. and gasoline down as well as heating oil taking a hit. warburg than normal temperatures in the midwest weighing on natural gas as well. only one commodity in the green and that was gold. was down yesterday. this is surely a sign that investors ought looking for a hedge against inflation or what could be a spike in inflation after the fed's latest stimulus measures of gold was not a huge gain will get a price bump but a lot of that also the sell-off we saw across the commodities complex is the result of a stronger u.s. dollar which we had at play as well so energy prices i tory as far as commodity prices and continued to be in the evening session. ashley: ge invested $22 million in a company last year that hopes to become the apple of the prefabricated building industry. how they plan to build their way to the top? joining us in a fox business exclusive, project fraud ceo, and in 2006, what exactly does project fraud stand for? >> stands for the new way of building. we provide components for commercial construction. the result is highly functional energy efficient buildings that the superfast. ashley: you were at bp for 20 years. what made you jump out of that and say i want to build containers? >> for us it was we build permanent buildings. they are not containers. they stand a test of time and are esthetically beautiful. they have a wonderful experience for 20 years understanding the energy supply chain working on renewables and it felt right to apply it to the environment which contributes 40% of emissions. ashley: how has it gone since early days? >> it has been a great lesson to join a startup company. we have gone the successful fund-raisers and to do it in a tough economic environment helped prove we need to be resilience and continually get the cost down and get buildings up faster and drive up that as that. is exciting to see large health-care companies and others adopting it. ashley: what is the average cost of the buildings? >> hard to say. education costs different from medical facilities but the key thing is right now the traditional construction project only 20% of what gets put into the final building price point why is material. 40% is a risk and overhead. we want to reverse that equation. we are more like boeing. quality manufacturing and the attitude is if bowling can assemble a 737 in a matter of days why does it take 24 months to get health care clinic? ashley: how these structures come? i they and flat pack can you put it together? >> precisely. they're so important to us because that construction mean that is affordable to ship and we are not shipping boxes of air and we put panels up. imagine a high end building. it goes up quickly but we don't have to sacrifice on column free space for ceilings or daylight or air quality. it is that component approach that allows us to put something out that looks high end like it is the architecture. ashley: anyone else coming into the fold? >> largest health-care providers out there buying the buildings and the race for distributed health care and affordable health care is for us to ride the wave of health care reform and help them deliver them faster is great but we work with great manufacturing partners because -- [talking over each other] >> to use those manufacturing techniques and bring as construction. ashley: how many people with the company? >> 35 and growing. it is exciting. we have moved to the start of stage and now we are in the scaling stage we are constantly looking for the best athletes. it is bringing architecture and construction disciplines but also product designers and manufacturing experts. ashley: best of luck. and flexible response to ongoing growth. i love it. the ceo of fraud. thank you for being here. for the closing bell it is going to ring in 56 minutes. how do you turn market volatility into money? there are plenty of ways. he will tell us all about it after the break. ashley: here is your market check. the markets will close in half an hour but the dow and s&p and nasdaq basically flat. the dow up 10 points. the adp employment survey shows more jobs than expected were added in september bought last month's numbers were revised downward. look at the shares of employment web site company's. shares of linkedin doing fine and monster worldwide moving hire. those stocks moving higher in what has been a pretty flat day. sec officials continuing their sweep of brokerages following the implosion of night capital. concerns are growing over trading firms lacking basic tools to prevent another catastrophe. charlie gasparino has the latest on this and joins us. charlie: we should get out why this is a big story. a pretty investing survey named the top three or four things investors are worrying about and why they are pulling money out of stocks. the dow is up big time. small investors are not in this market. they put their money in bonds and gold. they talk about market implosions. /crash and night capital blowing up and a comput fat finger. they're doing a high in sweep of the brokerages and here is what they are finding out. they are worried firms don't have safeguards. basic safeguards to prevent a massive screwup with a combination of human error and firms that have these firewalls or they are at least not adequate enough. at night capital, it is some sort of combination of technology not having the technology that would catch it but huge human error. this is a story that is not going away and one reason why is the sec investigation. tom choice, ceo of night capital still at the helm even though he was supposed to be watching and making sure they were compliant with market access which is the rule that says we have tripwires and all this stuff in place that just in case this growth occurs we catch it with in the first five minute. not 25 minutes which happened here and lately the implosions of the firm and needed a bailout so that is where we are. where debt i come up with this? who knows. there is speculation they want to get it done soon. the sec is always later than sooner. ashley: the problem seems to me the concern comes from they only discovered the problem after the event. charlie: true of all regulation. i will say this. when you bleed market access, dodd-frank -- i read not the whole thing -- i would be dead by now -- if you read parts of dodd-frank you see where the volcker rule -- the financial crisis and proprietary trading was an issue but it was a major issue in the financial crisis. market access sounds pretty much like it is common sense. it is about firms if they want access to the market they have to show that they know what they are doing with technology. they can't do errant trades and have something that occurred -- remember when procter and gamble -- [talking over each other] charlie: that was some screwup. some guy trading whenever he was trading in the midwest. the commodities exchanges. that cascaded through the market. you can't really have that. the sec -- on pretty firm ground as far as regulation. ashley: this means more regulation down the pike? charlie: who knows? we were talking about this. people -- not day trading but one of these firms that trade fast and loose and fast and furious but fast and furious -- they wanted more regulation. i don't think so. those types of firms that do that, that type of trading, they want existing regulations to be enforced by market access. ashley: good point. interesting. we will find out if the sec comes up with it when they finish. the closing bell ringing in 26 minutes. coming up, john hyler has $60 billion worth of investment advice for you including y. now is the best time to be fully invested in the market. go on and jump in. that is next. you see us, at the start of the day. on the company phone list that's a few names longer. you see us bank on busier highways. on once empty fields. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. robert: i am robert gray with your fox business brief. stocks losing momentum despite monthly reports on the u.s. economy. that news overshadowed by a disappointing forecast from hewlett-packard. the dow holding on to modest gains at the dow nasdaq and s&p also hire. shares of brightcove not jumping. discovery networks has become the first partner to use its dual screen apple tv service. discovery will kick off the service in italy and may expand to other markets including the u.s.. coca-cola has knocked out all others as the most valuable brand in the world according to interbrand. the total value is $77.8 million. the strength of the brand helps the company asked for top dollar on its products and brings in additional earnings. cote scored five times higher on brand valuations. now we continue count down to the closing bell with ashley webster. ashley: let's check with nicole petallides. what you watching? nicole: on a day where oil is $88 a barrel, close to the airlines is where u.s. airways you can see it is up 8%. this is on news their consolidated traffic rose 2% in september. traffic on the rise for these airlines. let's look at other airlines. oil is lower and the whole group is talking on both of those pieces of news. something else very interesting. if you go on the web site of jetblue and say you are picking in the presidential race whether it is presidential -- president obama or mitt romney, it is someone other than who you voted for, they are giving away 1,000 -- if you are taking a shot to you want to win, don't feel bad. maybe you would get a trip from jetblue. ashley: you have to pick to lose to win. nicole: if you want to be strategic about it. ashley: our next guest manages $750 billion and says now is the time for investors to get off of the sidelines and put their money to work. joining us in a fox business exclusive is john haler of global asset management. thank you for joining us. when you look at the amount of money on the sidelines still, are those investors missed the rally? you had $750 billion of assets under management. how much of that is in the market? >> great question. one thing you see about this market move is very low volume and as charlie was reporting a few minutes ago, individual investors have been on the sidelines. a lot of cash on the sidelines which is why volumes have been so low. people are uncertain what is going forward with the economy and what the risks are out there and some of our surveys have shown that. when you look at it do i think people should be invested? yes. they should have portfolio designed that manage to have an understanding of managing risk and volatility and the in the market for good and bad times. i am a firm believer in staying invested. ashley: you say if it looks like a recession and walks like a recession and smells like a recession, it is probably a recession. before i get to you i want to hear what ben bernanke had to say about that recently. >> we see an economy which is expanding and employment which is one of the key indicators of recession still growing. we expect the economy to continue to grow. that is our best forecasts so we are not expecting a recession. ashley: what do you think? are we in a recession? >> i think if you look at the economic indicators in my mind you can always have numbers that say one thing or the other. are we in a technical recession? no. are we in an area of the economy where there is lack of job growth and people are struggling? where the job growth is coming we grab numbers and say we turned the corner. unemployment is structural these days. people have left the job force which is why we're seeing drops in unemployment and job growth going in the country and around the world we will have a difficult time getting out of this economic mess. the physical crisis, and a political mess. it is not about creating jobs. that can only be so much. a political economic problem is not a business problem. ashley: given the low volume and high volatility, how should investors be finding income from the market. >> you have seen reads the popular area for people to invest in and a good income stream out of that. and a tangible investments, and firm believers government balance sheets and we are seeing yield in that area. those are the big areas we see movement. and people worrying about risk. risk has gotten -- it doesn't have to be a bad thing. you have to take some risk and some opportunity and it is how we focus in on that, how we focus and manage that risk and put that risk in our portfolio that allows us to take advantage of the market moved up or down. with that is our goal. ashley: what about the financial sector? concerns about regulations suffocating the sector. what are your thoughts on that? >> we did this global survey and saw 86% of an institutional investors feel financial regulations are a real drag on the market creating uncertainty and creating additional risk. not less risk. 76% of european investors feeling the same thing. all of this regulatory upheaval is going on in the u.k. and the u.s. and europe, creating this uncertainty and making financial institutions and corporations to make capital expense to invest in jobs and that is the most difficult thing. the overhang of the regulatory environment. ashley: the presidential election and fiscal clarendon and on. john haler, thank you for sharing your thoughts. really appreciate it. closing bell ringing in just under 15 minutes. coming up, jim tierney's number one moneymaker won't leave you hungry because i am starting. coming up next. . coming up next. look, if you have copd like me, you know it can be hard to breathe, and how that feels. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-dai inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, even eye drops. stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your 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(blowing sou) ask your doctor about spiriva. ashley: welcome back. fox business market check for you. let's look at the major averages with the dow flirting around up by 8 points and the nasdaq up slightly. same story on the s&p and the russell moving slightly lower but this market lost steam from a decent jobs report. private sector gave a boost. shares of hewlett-packard slumping after the ceo meg whitman's forecast is more dismal. that is the word we are using. and expected. right around $15. the lowest stock price for h p in nearly ten years. shares of advanced micro devices sliding on hp's forecast. tech companies hit hard by worries over the slowing pc demand. jim tierney is back with pick me ups to combat the somber mood on wall street. let's start with your first pick, mastercard. >> it is all about earnings growth. look at mastercard. they at analyst day a week ago. 20% plus earnings growth through 2015. who has that kind of visibility? not many people and mastercard has it. ashley: how is that possible? >> 5% of transactions done with cash or check. the conversion in the business will win -- they are not fighting visa and mastercard and american express but cash and jack. there is a lot of share still to move. ashley: people are using debit cards for everything. >> you will be more. ashley: $4 coffee. what is vf corp.? >> apparel brands and wrangler jeans, backpacks and timberland boots and consumables. in a world where we are worried about the economy and what is going to happen we like consumables and that is as consumable as it gets. three kids at home go through that fast. ashley: very popular products. we had a mild winter in the northeast and across the country so it is looking good. >>, are good and nasty weather early on you could see some big numbers out of this company. ashley: your number one pick yum brands. >> yum brands is pizza hut and taco bell and kfc around world not just in the u.s.. kfc business in china is robust. growing high single digits and 10% plus. the chinese market loves chicken. ashley: not so much hamburgers. chicken is number one. >> dominant fast-food chain in china and will continue to be so. ashley: yum continues to grow when you are not worried about the consumer? >> you have to eat every day. ashley: that is true. very good. one last thing. a lot of people in safe sectors. utilities. health care and consumer staples. when do you think it is good to come out? >> people are so worried about yield and safety we find the defensive sector is relatively expensive compared to other sectors with more risk. we think it is time to move out and drop those dividend paying stocks you have been flocking to and taking on more risk in the portfolio. ashley: very good. jim tierney, thanks for being here. the closing bell ringing in six minutes. one stock bouncing off of four year lows as investors like possible takeover talks. we have details when we come back. all energy development comes with some risk, but proven technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. like in a special opsission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. >> best what? bless buy getting a nice boost up 4% that founder richard schulze and a group of private equity firms are cramming the books of the world's largest consumer electronics retailer. schultz's plan is to put together a consortium to buy the company. the private equity firms doing their due diligence are apollo global management. tbg capital and leonard green and partners. the yesterday the stock was at a four-year low. today living up to its name, one of the best buys up 4%. that's it for me. send it over to david asman and lauren simonetti david: good to see you for liz claman. we have economist thomas zoll talking about the debate. we have a first to go to nicole petallides at the new york stock exchange. talk about the damage hewlett-packard did for the market. it is a dow component hit very hard when meg came out and said 2013 would be a lousy year. we see it down 12% it did drag down the whole market, did it not? >> it really did, david. you have a huge behemoth. hewlett-packard is a megacompany worldwide that everybody invests in and you have them coming out 2013, dismal outlook, challenging year. they will not see acceleration until 2015. stock tumbled. worst performer easily in the dow industrials. lauren: we have a winner nicole, in netflix soaring. why are investors so bullish. >> when you look at netflix that is a winner because you have a buy rating out of citigroup. it is valuation call. more growth in the internet streaming service so that is real winner on s&p. david: we'll talk about oil in a second. what exactly caused the drop but huge drop. we're down 2%. then went down to 4%. looks like it will stay down
FOX Business
Oct 25, 2012 7:00pm EDT
bowls and alan simpson. you may have recalled that their plan was already rejected by both congress and the president. don't mess with texas. and don't mess with greg abbott either. that's right, election observersfrom official in texas -- they will be subject to criminal prosecution. it seems to be a significant born points. they have already pointed out the voter id laws are constitutional and he does not see any legitimacy from u.n. observers. don't mess with texas. there is a magic pr counsel. gallup poll is out with its new poll. showing 20% of americans approve of the job congress is doing. congress does not return from their second release week recess until mid-november. they may want to consider extending the vacation if they want to see the poll numbers rise. up next, polls show governor romney accessibly closing the gender gap. the "a-team" is up next. will this be enough for the swing states in the election? brad blakeman, judith miller, and monica crowley. coming up next >> the one it is good to have you all here. we have monica crowley and brad drake and then blakeman a
CNN
Oct 12, 2012 4:00am PDT
>>> morning. welcome, everybody. our "starting point" this morning, a high stakes debate with both sides on the attack. >> with all due respect that's a bunch of malarkey. >> i think the vice president very well knows that sometimes the words don't come out of your mouth the right way. mr. vice president i know you're under a lot of duress to make up for lost ground. lower tax rates increase growth. >> now you're jack kennedy? >> the interruptions, the facial expressions, and the facts. we're going to have the high lights, the low lights, the arguments and a fact check as well on the candidates' claims. it's friday october 12th. "starting point" comes to you live from danville, kentucky. >>> good morning, welcome everybody. you're watching "starting point." we're coming to you live this morning from center college here in danville, kentucky. things last night right here were pretty heated between the vice presidential candidates, no one had a bad night. nobody was too polite. instead joe biden, paul ryan, simply let it fly and when it was over the american people scored it a draw. cnn/orc poll of debate watchers showed that 48% felt that paul ryan won. 44% said that the vice president joe biden won. of course that would be a statistical tie when you calculate in the margin of error. we begin with cnn's dana bash with some of the highlights of the night. good morning. >> good morning. we were here. we watched it all. you really could feel the intensity of it from the beginning. all 90 minutes. it was very intense. there were some smiles and smirks on both sides. but all in all it was very substantive. these were two men who both came ready to tangle. >> world -- >> thank heavens -- >> reporter: on taxes. >> you can cut tax rates by 20% and still preserve this important preferences for middle class taxpayers. >> not mathematically possible. >> it is mathematically possible. >> on medicare. >> they just allo medicare to bargain for the cost of drugs like medicaid can, that would save $156 billion right off the bat. >> and it would deny seniors choices. >> all -- >> reporter: on the president's foreign policy. >> when we look weak our adversaries are much more willing to test us, they're more brazen in their attacks and our allies are less willing -- >> with all due respect that's a bunch of malarkey. >> reporter: the vice president appeared determined to make up for president obama's mistakes last week. almost immediately launching the attack lines obama never used in his debate. >> it shouldn't be surprising for a guy who says 47% of the american people are unwilling to take responsibility for their own lives. my neighbors, they pay more effective tax than governor romney pays in his fed cal income tax. >> reporter: before the debate, cnn was told paul ryan's team anticipated biden being aggressive where the president was not. especially on mitt romney's infamous 47% remark. >> mr. romney's a good man. >> reporter: ryan was ready with a well-practiced retort. >> with respect to that quote, i think the vice president very well knows that sometimes the words don't come out of your mouth the right way. >> i always say what i mean. >> biden's recovery plan for a demoralized democratic base was not just in what he said but what he did. >> in spate of their opposition -- >> oh, gosh. >> the president was criticized for not interrupting. biden jumped in constantly. >> as a result of this -- >> it's not -- >> what we're saying. >> but -- >> mr. vice president. >> the president was slammed for nodding as romney spoke. >> biden used the split screen to give a running commentary of disapproval. with his facial expressions. ryan had a zinger ready for all that, too. >> i know you're under a lot of duress to make up for lost ground. but i think it will be better served if we don't keep interrupting each other. >> for 3409 minutes voters saw two dramatically different visions on the economy. >> the last people who need help are 120,000 families for another, another 500 billion dollar tax cut over the next ten years. >> our entire premise of these tax reform plans is to grow the economy, and create jobs. >> to national security threats like a nuclear iran. >> and if they get nuclear weapons, other people in the neighborhood will pursue their nuclear weapons, as well. >> war should always be the absolute last resort. >> reporter: for the most part it was a substantive debate between two longtime lawmakers who tried to disagree without being too disagreeable. >> when my friend talks about -- >> reporter: biden avoided any trade mark gaffes but did provide a little levity. >> this is a bunch of stuff. look, here's the deal -- >> what does that mean a bunch of stuff? >> well it means it's simply inaccurate. >> it's irish. >> we irish call it malarkey. >> okay. >>> so much to talk about out of this debate. martha raddat zpchlt, i thought she was terrific. >> absolutely. if there was a winner, she was commanding. fee followed up when she needed to. she pressed them on specifics. >> she also l them go a little bit and had some arguing. >> perfect. >> you know, if you went on twitter, as i did, after and said that i thought it was a draw, people on both sides completely hammered me because there was a sense joe biden's people thought joe biden won. paul ryan's people thought paul ryan definitively won. when end of the day they're appealing to the middle. >> there's so few undecideds at this point that that is a big reason, we're told, why joe biden did what he did. because the democratic base was really deflated, demoralized, after the president didn't deliver from their perspective. that's why he was frankly in many ways over the top. in some ways that's who he is. it's why he did what he did. if you talk about what happened in the spin room afterwards, that was the big debate. was he disrespectful for joe being joe? >> you won't be surprised to hear that both sides went into full spin mode in that spin room, that conversation happened. you can listen to both people immediately afterwards talk about how their candidate won the debate. everything was under the microscope, including ryan's level of experience, and joe biden's interruptions, and his facial expressions, as dana just said. here's a little listen. >> i think congressman ryan was out of his depth, and showed clearly that the ticket is not ready for prime-time on foreign policy. i think that was a decisive difference between the two sides. >> i thought it was a great nice for us. i was excited for paul. he was solid. he had a command of the issues. quite frankly i was embarrassed for the vice president. i mean the laughs. we counted 82 times that joe biden interrupted paul ryan. >> if the only criticism comes from the right and from some folks out there is that he smiled too much, i'll take that any day. my father was enjoying the opportunity to debate congressman ryan on a very important issues. >> not exactly a surprise that there was spin from the spin room. we want to get right to democratic congressman chris von hollen of maryland. he played paul ryan in the vice president's debate prep. you were the guy who was responsible to push the vice president. when you watched it actually unfold in real life, how do you think it went? >> i thought the vice president did a great job. look, joe biden is a fighter for the middle class. he's passionate about these issues. that came through. and he also marshaled the facts tohow that the romney/ryan plan would be really bad for the middle class. so i think all in all he was a great debate for the american people, and the choice is clear today. >> i think they did a good job in sort of delineating their two very different positions and both campaigns have said this is going to be about two very different pathways. lots of criticism, though, from the -- for people who watch joe biden, said that they thought his facial expressions, the eye rolling, the laughing, some thought it was disrespectful. >> well, i would disagree. i think joe biden is passionate about the middle class issues. and you can feel his emotion. he speaks from the heart. and there were times that paul ryan said things that, as the vice president said, were just malarkey. normal people react to those kind of things. so, look, i know some republicans want to focus on style but what was important was the substance. what the vice president did was show that the romney/ryan tax plan at the end of the day will not help the middle class. it will help the very wealthy. he made it clear that their voucher plan for medicare will pass additional costs on to seniors, and again hurt seniors who have a median income of $23,000. i thought he did a really good job clarifying the choice. >> you know, "the washington post" said, it felt to us like he, talking about joe biden, went a little bit overboard and at times bordered on bullying riden. smiles and laughs while rying tried to answer questions weren't great optics for the vice president and his repeated intersupgss won't make those who think politics should be more civil happy. if it's not just about energizing your base. certainly people were like my guy won on both sides but it's about this sort of undecided middle isn't there a risk in being what i think some people thought was you know disrespectful. or at least -- >> i think that the vice president, his passion came through. he cares about these issues. as for undecided voters, the cnn poll was of all viewers, but cbs did a poll specifically of undecided voters who were watching the debate, and joe biden won overwhelmingly, 53% to 35% something in that range. those are the voters that people are looking for right now. they clearly said joe biden was the winner. >> one of our polls cnn/orc poll, they said who was more likable. and it was paul ryan who won by a decent margin. almost 10% margin there. also, who performed better at the debate? that looked like a tie from our perspective. >> that was a poll of all the viewers. it was as you indicated earlier slighted weighted towards republicans. >> this was debate watchers. >> right. but the cbs poll was debate watchers who were undecided going in. and they gave the clear victory. >> let's talk a little bit about paul ryan on tax cuts. i want to play a little bit from the debate. >> sure. >>> there aren't enough rich people in small businesses to tax to pay for all their spending. so the next time you hear them say don't worry about it, we'll get a few wealthy people to pay their fair share, watch out middle class, the tax bill is coming to you. >> what i thought was interesting and more intesting about this particular debate was that the candidates were able to kind of go at open other and some of that was a different format in the debate. didn't paul ryan have a point, both of them are calling each other on sort of the facts of what they have been claiming when it comes to numbers and math. >> well, except for one thing. the vice president has never claimed that you can reduce our deficit through tax increases alone. he's never said that. the president and vice president have said we need to take the ballad propose, using the kind of frachlwork that bipartisan groups have suggested. whereas republicans have been very clear not one more penny, even from people like mitt romney to reduce the deficit. so our point isn't that you can increase taxes on wealthier people, and do the whole thing on the deficit. our point of review is that they should be asked to contribute a little more. go back to paying what they were in the clinton administration, when the economy was roaring. that's what we're saying. we support a combination of additional targeted cuts. but also revenue for folks who are doing very well to help reduce the deficit. because if you don't have one penny more from very wealthy people it means you sock it to everybody else. seniors on medicare pay more. less investment in our kids' education. and that's exactly the romney/ryan budget does. itzhaks it to the middle class and seniors, in order to give these tax breaks to very wealthy people. >> what do you think of the job martha raddatz did? >> i think she did a very good job. never made herself the center of the debate. >> she started off very strong with benghazi. want to play a little bit about what the vice president said about security in benghazi. >> well, we weren't told we want more security. we did not know they wanted more security. >> explain that to me. a lot of the testimony was, in fact, the, the, the government did know. that, that, that the state department was well aware that there were requests for security. doesn't that completely contradict exactly what we just saw in i think it was wednesday's testimony? >> what the vice president is saying is that he and the president didn't know. this information had been communicated, at least according to the hearings, to the diplomatic security folks at the state department, and some others. but it wasn't communicated to the president. what the vice president said here was number one we're going to get all the facts. let's not jump to conclusions. let's not shoot from the lip as mitt romney did by making a statement right after some of the chaos broke out. it was sort of universally agreed was that the wrong thing to do. and we're going to make sure we hunt down and find the killers just like they did osama bin laden. so i think the vice president was very strong and clear on that. >> congressman chris von hollen. thank you for talking with us. during the debate we got a snapshot of what people were googling. the top searches were biden, conflating, malarkey, a lot trying to figure out what malarkey meant, and who is winning the debate. breaking down the top google searches related to biden, ryan debate came in number one. then how old is. then laughing, and then jill. breaking down the top searches related to ryan, biden debate was number one, then how old is. then shirtless, then workout. coming up we're going to talk with republican senator ron johnson. first we want to get right back to new york and top stories making news today outside of last night's debate. good morning to you, skron. >> good morning, soledad. first up, rallying. more demonstrations in smoert of 14-year-old anti-taliban activist malala. the taliban targeted her because she's been a fierce critic of theirs. she's a staunch advocate for education and girls and women's rights. about 100 people were detained, accused of colluding with attackers who tried to assassinate her. most of them have been released. she's in critical condition. >>> a veteran diplomat coming out of retirement to serve as the senior u.s. envoy in libya. laurence pope is tapped for the diplomatic post a month after the death of u.s. ambassador christopher stevens in the benghazi consulate attack. pope retired from the foreign service twelve years ago. >>> the 2012 nobel peace prize awarded just a couple of hours ago. it didn't go to a person. but the european union. takes the prize. the eu was formed out of the rubble of world war ii and for more than six dpek aids it has promoted democracy and reconciliation across europe. the nobel committee noted that the eu is now battling one of the worst economic crises ever. >>> mission 26 is the shortest and slowest mission ever for the space shuttle "endeavour." the retired spacecraft began the journey overnight from l.a.x. to its retirement home at the california science center. big crowds are expected as "endeavour" snakes its way through the straights of los angeles at a whopping 2 miles per hour. the 12-mile trip will make 46 hours, and it ends tomorrow night. >>> the detroit tigers and san francisco giants are a step closer to the world series. the tigers shut out the oakland aest to advance to the championship series. the giants posed out the reds to reach the nlcs after losing their first two games at home. they had to win three on the road which is pretty darn impressive. their opponents will be decided tonight. the baltimore orioles, beat the yankees 2-1 in 13 innings in the bronx to force a game five in their series. everyone is rooting for the orioles. the washington nationals scored a walk-off win against the st. louis cardinals. that sets the stage for a game five in that series. i was in washington when jason worth hit that home run. washington went bonkers. i swear you could hear the screams on the streets anywhere. very exciting. game five there as well. soledad? >> and how did your red sox do last night? oh, wait a minute. >> they didn't lose. they were undefeated yesterday. unlike the yankees who were 0-1 yesterday. take that malarkey. >> the spin. yeah, you're right. malarkey. i call malarkey on you. all right, john, thank you. still ahead on "starting point," both vice presidential candidates asked if they can get unemployment under 6%. they both said they could do it. is it a promise or is it just hot air? we're going to dig into the jobs issue and some of those numbers up next. >>> and then of course remember he went to prison for illegal dog fights. michael vick is up to something you may not believe. >> vice is big today "time" magazine published a punch of pictures of paul ryan working out. have you guys seen these? take a look at this one here. yeah! tin can romney right there. look at this one. this is one that really got me. i like this one. next vice president of the united states. looks like screech from saved by the bell. backwards hat. jack, you're a little boring. boring. boring. 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[ engine revving ] it's bringing the future forward. throughout our lives. one a day men's 50+ is a complete multi-vitamin designed for men's health concerns as we age. it has more of 7 antioxidants to support cell health. one a day men's 50+. >>> welcome back to "starting point." this just in to cnn, jpmorgan chase reporting record third quarter profits this morning. ceo jamie dimon says the housing market, housing has turned the corner. so clearly the economy still the central issue of the 2012 campaign as well. both paul ryan and vice president biden attacking each other's records on job creation last night. >> look at where we are. the economy is barely limping along. it's growing at 1.3%. that's slower than it grew last year and last year was slower than the year before. >> they talk about ts great recession as if it fell out of the sky like oh, my goodness. where did it come from? it came from this man voting to put two wars on a credit card, at the same time put a prescription drug benefit on the credit card. a trillion dollar tax cut for very wealthy. i was there. >> the two men pitched plans to speed up job growth over the next four years, but as they say the devil is in the details. mark zandi joins us now, chief economist with moody's analytics. his new book is called "paying the price, ending the great recession and beginning a new american century." mark let's start with jpmorgan ceo jamie dimon saying that the housing has turned a corner. we have seen housing prices start to move up. we've seen foreclosures at a five-year low. the unemployment rate at 7. pfrs. we have jobless claims at a four-year low. is joe biden's recovery finally here 28 months later? >> yeah, it's happening. the economic recovery is in place. it's been in place for 3 1/2 years, and i think we're making progress. obviously we're not going anywhere fast. the economy is not improving fast enough to bring down that unemployment rate. but we are improving, and the best news, most recently is the housing market. the housing market has turned the corner and of course housing was ground zero for our problems. the fact that it's turning up is very positive news. >> let's talk about from what he heard last night. who has the plan to get the unemployment rate back to 6% or below? >> the thing is i think regardless of who wins the election we're going to get there. the unemployment rate peaked at 10% just about three years ago. we're now at 7.8. i think it's very doable to get to 6% by the end of 9 next president's term. whoever wins, though, has to address a number of fiscal issues earlier in their term. that's the fiscal cliff. the tax increases and spending cuts that are coming at the start of next year. the treasury debt ceiling has to be increased again. summer before last, that was very painful. and either president has to lay out a credible path to deficit reduction to stabilize their debt load. if they can do that. and i think either president can, then our economy is going to, i think, get its groove back and i think we should be below 6% by the end of -- >> that's nice to hear. you say either president can. that's going to require leadership with a congress that so far has not been amenable to, you know, making tough decisions at any time past the last minute or even punting on them. yesterday alan simpson on cnbc had these choice words, shall we say, about the congress that this president and the next president will have to deal with. listen. >> they really believe honestly that no congress could be this stupid. and by god they can. >> he's talking about people who think that they're going to be able to fix the fiscal cliff at the last minute because congress will go along. that's kind of a very expressive thought. >> well, yeah, and that's why businesses are so anxious, and not out hiring and investing right now. because they haved same sentiment about congress. the thing is, interesting thing is both sides, democrats, republicans, have leverage. tax rates are going up on everyone unless there's a piece of legislation that gives leverage to the democrats. we have sequestration. defending cuts, half defense, half nondefense. republicans don't like the defense cuts. democrats don't like the nondefense cuts. and we have the freshry debt ceiling. whichever party doesn't win the election is going to use that to help support their side. you know what? it's odd, but i think the political stars are actually aligned that we are going to get a deal. at least a reasonably good deal, solve these issues. and if we do, the good things that are happening in our underlying economy, what jpmorgan is talking about in the banking system, american businesses, all those things will start to shine through. >> maybe congress won't be as stupid as alan simpson thinks it will be. i want to switch to taxes and this claim by the romney/ryan team campaign that they would cut tax rates by 20%, across the board, still maintaining tax, you know, tax breaks that are there for the middle class. they wouldn't get rid of middle-class deductions. but also they wouldn't be rolling back any kind of investment taxes either. i want you to listen to what paul ryan said last night. >> we want to work with the congress and help us to achieve this. that means successful. >> with no specifics. >> what we're saying is lower tax rates 20%, start with the wealthy, work with congress -- >> can you guarantee this math will add up? >> absolutely. six studies have guaranteed. six studies have verified that this math adds up. >> so to you does this math add up? can you preserve the deductions for the middle class, cut tax rates, not add to the deficit, and cut tax rates across the board by 20%? i mean the tax policy center says knowing what we know about their plan, it's not possible. >> yeah, i think the tax policy center study is the definitive study. they're nonpartisan, they're very good. they say given the numbers that they've been provided by the romney campaign, no, it will not add up. now, romney campaign could adjust their plan. they could say okay i'm not going to lower tax rates as much as i'm saying right now and they could make the arithmetic work. but under the current plan, the current numbers, no it doesn't. also one other thing, though. i think it is important that we do focus on the so-called tax expenditures in the tax code. deductions and loopholes in the code. we need to reduce those, because if we do we're going to make the tax system fairer, easier to understand and ultimately lead to stronger growth. that's the right place to focus. the arithmetic doesn't work as it is right now. >> mark zandi, thanks so much. >> thank you. >> "starting point" back in a moment. oadway show megapixels place to sleep little roadster war and peace deep sea diving ninja app hipster glasses 5% cash back sign up to get 5% everywhere online through december. only from discover. and i was told to call my next of kin. at 33 years old, i was having a heart attack. now i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. i didn't know this could happen so young. take control, talk to your doctor. i didn't know this could happen so young. ♪ ♪ we're lucky, it's not every day you find a companion as loyal as a subaru. love. it's what makes a subaru, a subaru. stay top of mind with customers? from deals that bring them in with an offer... to social media promotions that turn fans into customers... to events that engage and create buzz... to e-mails that keep loyal customers coming back, our easy-to-use tools will keep you in front of your customers. see what's right for you at constantcontact.com/try. >>> welcome back to "starting point." a few stories to tell you about. u.s. officials say agents along the u.s./mexican border were assaulted with rocks after they observed suspects dropping drugs into arizona. an agent open eed fire and apparently struck one of the suspects. mexico claims that teenager was killed. >>> a minnesota woman who says she was infected with a potentially steroid injection is fewing necc. the nationwide death toll has claimed to 14 in this outbreak. 170 people are injected. the cdc says 14,000 people may have received tainted injections. now, the debate and the baseball playoffs maybe you forgot there was football last night. i sure missed it. the tennessee titans kicked a field goal late to beat the pittsburgh steelers. here it is. through the uprights. they win, 26-23. soledad? >> good shot. all right, john, thank you. after flying 25 missions in space, the shutle "endeavour" is taking a go-slow approach for mission number 26. a trip to its retirement home at the california science center. you're looking at live pictures there. "endeavour" is going to enjoy one long victory lap through the streets of l.a. for today and into tomorrow. john zarrella is live for us in los angeles this morning. god that is such a great shot. i think it's a nice thing that they're going to take it slow. good morning. >> yeah, well they don't have a choice but to take it slow through the streets. can you imagine, 25 flights, flying 17,500 miles an hour, repairing satellites, fixing the hubble space telescope, flying to the space station, and this may be the most memorable journey that any space shuttle has ever made. it left los angeles international airport a couple of hours ago. passed right by our location there. being towed on a transporter and making the narrow turns through the streets of los angeles. we expect it to be here momentarily in the area behind me here is another staging area where the space shuttle undeafer is going to sit for about seven, eight, nine hours where they reconfigure it onto another platform. tonight, later tonight they're going to hook it up to a toyota truck to tow it across the 405 expressway. we talked to the toyota people and they said that's because they have a 20-year history with the science museum, and we asked them if they were going to make a commercial out of this? they said well maybe. you think, soledad, they're going to make a commercial out of these? you bet they will. >> hmm. hmm. let me think about that for a minute. john zarrella for us this morning. thank you, appreciate it. >> sure. >>> still ahead on "starting point," we gave you some democratic reaction to last night's debate. up next we're going to hear the republican side. senator ron johnson wille my guest. also michael vick's dog days may not be over. we'll tell you what he's saying now. i'm barack obama, and i approve this msage. 'm not in favor of a $5 trillion tax cut. that's not my plan." mitchell: "the nonpartisan tax policy center concluded that mitt romney's tax plan would cost $4.8 trillion over 10 years." vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? ♪ ♪ [ male announcer ] you've been years in the making. and there are many years ahead. join the millions of members who've chosen an aarp medicare supplement insurance plan insured by unitedhealthcare insurance company. go long. >>> welcome back, everybody. you're watching "starting point." we're coming to you from center college in danville, kentucky. that, of course, the site of last night's vice presidential debate. the debate had all the fireworks that were missing from the presidential debate. vice president joe biden republican challenger paul ryan literally duking it out. maybe not literally. but verbally duking it out and getting testy between them early and pretty often, too. >> allies are less willing -- >> with all due respect that's a bunch of malarkey. >> why is that so? >> because not a single thing he said is accurate. this is a bunch of stuff. look, here's the deal -- >> what does that mean a bunch of stuff. >> it means it's simply inaccurate. >>> it's irish. >> we irish call it malarkey. >> i think the vice president very well knows that sometimes the words don't come out of your mouth the right way. >> i always say what i mean. >> more people signed up for medicare advantage after the change. >> what they're saying -- >> nobody is -- >> mr. vice president i sew -- i know you're under a lot of duress to make up for lost ground. but i think people will be better served if we don't keept interrupting each other. >> well don't take all the four minutes then. >> it has never been done before. >> it's been done a couple of times. >> it's never been done. now you're jack kennedy. >> let's bring in republican senator ron johnson who is from wisconsin, just like paul ryan. nice to see you. you were watching in the surrogate room. >> right. >> what was it like back there? were you yelling at the tv? >> people were a little frustrated with joe biden's rudeness, quite honestly. come on, let paul answer the question. >> republican people. >> exactly. well i think vice president biden was under an awful lot of pressure to make up for really president obama's very poor performance, so -- >> and -- his failed performance. my guess is he was appealing to the base. you know, the occupy wall street crowd, and maybe that resonated with them. i don't think that really resonated particularly well with women. >> when you look at the cnn polls it shows it was pretty much a draw, paul ryan 48%. joe biden 44%. but of course the sampling error is plus or minus 5% which would make it right down the middle there. and then if you look at favorability, same cnn poll shows that you really didn't move the, the needle on that when it came to people who are watching the debate. so is your analysis that it was a victory for paul ryan without i guess totally partisan do you think it really was a draw? >> i think paul did very well. he was measured. he was dignified. he was calm. he was cool, collected. basically coming under assault by vice president biden. >> assault? >> it was. i mean, because he does not have a record that's defendable he just raised his voice, kept continuing to interrupt. it's very difficult to get your points out when you're being interrupted all the time. what was the count? 80 to 100 times. the unofficial count. that's very difficult to actually make debate points when you are -- when your opponent is being so rude. >> martha raddatz at one point, i thought she started off very strong, getting right into benghazi, in the middle she started pressing paul ryan about specifics for that 20% across-the-board tax cut. i want to play a little bit about how that went. >> what we're saying is, deny those loopholes and deductions to higher income taxpayers, so that more of their income is taxed, which has a broader base of taxation -- >> may i translate? >> so we can lower tax rates across the board. here's why i'm saying this. >> hopefully i'm going to get time to respond. >> you'll get time. >> we want to work with the congress to help us to achieve this. that means successful. >> with no specifics. >> what we're saying is lower tax rates 20%, start with the wealthy, work with congress to do it. -- >> you guarantee this math will add up? >> absolutely. >> so, we keep guaranteeing this math is going to add up but never actually giving specifics and sort of saying well we're going to open it up to congress but not actually giving specifics. i tilely thought this was one of the weaker points for congressman ryan. >> no i understand the tax plan and what they're guaranteeing is the principles of the type of tax reform they're doing. it's pro-growth tax reform. so you lower the marginal rates for everybody. the way you make sure that the people in the higher income brackets don't have a tax benefit is you broaden their base. you take away or limit their deductions so that you make sure it's revenue neutral. and you do that as a principle so as congress is crafting that, you have to negotiate things to do that. >> jane doe taxpayer. i'm like what deductions will you kill? i want to know. just name three or what deductions are not off the table? what do i not have to worry about? >> for individuals what governor romney and paul ryan are saying none of them are off the table. you start limiting those deductions proportion to the rate you lower their morning nal tax rate. marginal tax rates create the incentive -- >> child care credit could be cut. so my mortgage deduction could be cut? because that actually is a problem, no details. >> a child care credit in upper income individuals generally don't qualify. you're talking about limiting deduxzs for those in the upper income level so that their tax burden remains neutral. so that they don't benefit. that's the principle. you don't renegotiate going into -- >> but as you know, but people go all the time, this is my plan. here's what i want. i believe it you go with a principle but you also go with very specific strategy. >> they have pretty specific parts of their plan where -- >> pretty kind of but not really? >> listen, when you're specifically saying you want to -- your goal is to lower marginal tax rates 20% across the board, and for lower income and middle income individuals you're going to eliminate all taxes on income on investment income, you're going to make sure that you, you know, eliminate the death tax, the amt, those are very specifics and then you give congress the broad principle for people making $200,000 or above, those households, make sure that as you craft the compromise, that, that part of the tax reform remains neutral. >> analysis, as you know, says it does not, the math does not add up. >> no, that is one, honestly, very partisan analysis. six other analyses have said that it is entirely possible. and the point that paul's trying to make is in the past. when you've actually lowered marginal tax rates. it's produced more revenue. ronald reagan, six years during his tax reform we went from $600 billion to $1 trillion worth of revenue. that's a 67% increase. even george bush's tax cuts, in 2003, federal revenue was a little under $1.8 trillion. before the housing vote, $2.5 trillion. that's a 42% increase in revenue to the federal government. lowering marginal tax rates is incentivizing. >> i hear you on that. what people are taking exception to is without details, as a taxpayer, of what's on the table and what's off the table, it's a very easy way to throw out numbers without necessarily being having to be responsible for the math working out. i mean i thought martha raddatz did a very good job on this. she's sort of like you're not again going to give specifics. and chris wallace -- >> you are giving specifics as you're giving directions to congress. this is what ceos do. listen, as you design this, make sure that people making $200,000 will not have their tax burden lowered. but we're going to lower their marginal tax rate because that produces inseverives for them to create jobs. for people making less than $200,000, lower their tax rates that will be so pro-growth it will be made up in terms of economic growth. that's how you increase revenue to the federal government. the old-fashioned way. by growing your economy. that is what this president does not understand. he doesn't understand how the private sector works. so his -- his choice, and this is why this i such a stark contrast in this election, president obama had a choice to make when he came into this -- into the presidency. by the way, the recession had bottomed out. we weren't in free-fall. in the second quarter, we only gave up 0.7 gdp growth by the third quarter of his presidency we were already in recovery. it's his policies that have made that recovery so anemic because
CSPAN
Oct 19, 2012 7:00am EDT
we will speak to jonathan turley who argues that the electoral college is irrelevant. alan simpson will defend the electoral college. ♪ .host: morning and welcome to "washington journal." the republican and democratic presidential candidate's head into a final weekend of preparation ahead of monday night's foreign policy debate. bob will moderate the final matchup of the candidates and florida. we will talk about farm policy and the campaign 2012 later this morning. but first, president obama and mitt romney met in a different setting. were jokes and wit replaced the seriousness of the campaign. here are the numbers to call -- republicans 202-585-3881. democrats -- 202-585-3880. independence -- 202-585-3882. send us a tweet by writing you can send us a tweet @cspanwj. our question for you this morning is -- how important is a sense of humor and a presidential candidate? it is inappropriate time and place? how much does it run true to you? let us look at coverage of the dinner last night. obama and romney go for laughs. switching from -- switching to jokes. they set aside an evening to
CNN
Oct 12, 2012 7:00am EDT
last minute or even punting on them. yesterday alan simpson on cnbc had these choice words, shall we say, about the congress that this president and the next president will have to deal with. listen. >> they really believe honestly that no congress could be this stupid. and by god they can. >> he's talking about people who think that they're going to be able to fix the fiscal cliff at the last minute because congress will go along. that's kind of a very expressive thought. >> well, yeah, and that's why businesses are so anxious, and not out hiring and investing right now. because they haved same sentiment about congress. the thing is, interesting thing is both sides, democrats, republicans, have leverage. tax rates are going up on everyone unless there's a piece of legislation that gives leverage to the democrats. we have sequestration. defending cuts, half defense, half nondefense. republicans don't like the defense cuts. democrats don't like the nondefense cuts. and we have the freshry debt ceiling. whichever party doesn't win the election is going to use that to help support their
CNBC
Oct 12, 2012 9:00am EDT
, erskine bowls, alan simpson. take a listen. this is erskine bowles. >> we have $7.7 trillion worth of economic events that are going to hit america in the gut in december. and in washington, they're doing nothing about it. nothing about it. we should be asking these guys running for president and every guy running for congress, what are you going to do? >> andrea, that's going to be an increasingly big part of this discussion over the next few weeks. is the governor going to make a step, at least to react to the way these two have reinserted themselves in the political debate? >> governor romney and paul ryan have laid out a comprehensive plan on what we need to do to get spending under control. president obama hasn't had a budget in four years. we have seen $4 trillion deficits under his lack of leadership with our debt reaching $16 trillion. and as you know, if we stay on this path, by the end of his second term, should he be re-elected, it would be $20 trillion. that's unacceptable. >> is there a way to say that within the framework of what simpson/bowles are now providing, this
CNN
Oct 7, 2012 12:00pm PDT
sam nunn. he is actively working with both alan simpson and ershkin bowles to find simple, long-term solutions to the gridlock. think of this as simpson bowles 2.0. he's been highly critical over the handling of the fiscal cliff that threatens our economy. senator nunn, you have said, quote, both sides seem to have a political strategy, but their governing strategy is in doubt. those are your words. have you ever seen government so broken that lawmakers would rather take the economy to the brink? and i agree with those economists who say it probably won't happen, but why are we risking this? why are we risking these decision s on whether to employ someone because of something that might happen? >> the lame duck session can change things, but what i would like to see instead of just kicking the can down the road and kicking the cliff down the road with this same draconian solution if we don't reach an agreement, change the can before you kick it and that means something like simpson bowles would become the default position. so you give congress time so take its own course if they
MSNBC
Oct 5, 2012 1:00pm EDT
. >> andrea, you know, i have great admiration for alan simpson and ear skin bowles, they've done fantastic work for this country on this issue in raising public consciousness about it, but i know there's a great affection in many parts of the country like the business community for simpson-bowles but if you study simpson-bowles, it requires quite sweeping tax reform in the area of deductions, for example, in order to achieve its own decreases in marginal rates which, of course, is a hallmark of simpson-bowles. i think it's quite unlikely if we think about how we're going to solve the fiscal cliff, that we're going to have either the appetite or the time to do the type of sweeping tax reform which historically has take an year or two or three, think about the '86 tax act, which simpson-bowles calls for. i don't think that's going to be the solution to the fiscal cliff and i don't think it's there for what we're going to do. >> well, we've got to go, but thank you very much. always good to see you, roger. >> same here. thanks a lot. >> up next hear from the romney campaign respondi
CNBC
Oct 11, 2012 5:00pm EDT
yourself, you sure shouldn't be in congress. in fact, you shouldn't even get married. >> that was alan simpson talking exclusively to cnbc about the economic need for congress to cut deals. one area there hasn't been much compromise is health care, and that's going to be a big topic in tonight's vice presidential debate. let's bring in the former fda deputy commissioner and also worked as a senior official at the centers for medicare and medicaid under the bush administration. scott, always good to see you. >> thanks for having me. >> you say that should obama be reelected, president obama, he will turn medicare into medicaid. help us understand how we can issue a trade based on that. >> right, well, president obama's proposing to cap the rate of growth in medicare to inflation plus .5%. so if you're going to cap the rate of growth of medicare much below medical inflation, the only way to stay under that cap is basically sand down reimbursement rates. and look at the projections out five to ten years, they're looking at reimbursement rates crossing medicaid rates. doctors, hospitals ar
CNBC
Oct 12, 2012 1:00pm EDT
this an example of the political leadership vacuum that erskine bowles and alan simpson were talking to us about on cnbc yesterday? bitter california congressional race. two guys getting into each other's faces. it turns physical. not fiscal. >>> best buy taking on the online giants. whether its plan will work and how it will affect your holiday shopping season. >>> as we head to the break, a look at friday movers here on "power lunch." we'll be right back in a couple of minutes. [ male announcer ] the 2013 smart comes with 8 airbags, a crash management system and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. which can withstand over three and a half tons. thank you, mr. speaker, uh, members of congress. in celebration of over 75 years of our government employees insurance company, or geico...as most of you know it. ...i propose savings for everyone! i'm talking hundreds here... and furthermore.. newcaster: breaking news. the gecko is demanding free pudding. and political parties that are actual parties! with cake! and
CNBC
Oct 11, 2012 2:00pm EDT
exclusive interview with lloyd blankfein, erskine bowles and alan simpson. even though there is a lot of concern about the fiscal situation, the goldman ceo seems very pro-america. >> the united states i think actually has some of the greatest blessings around, except that -- look. all the other problems in the world are real structural issues. china. the structure of the euro. in the united states, a lot of our problems are self-inflicted and can be self-resolved. >> joining us now, the man who did the interview himself, steve leisman. also kate kelly joins us here on set. dan greenhouse, chief global strategist at btig and a cnbc contributor. steve, fantastic interview. but, is blankfein right about our problems being able to be resolved or solved by ourselves? >> you know, i think he is, mandy. thank you very much, by the way. what i find interesting about what blankfein is saying, think about it from a business perspective. think about what goldman has done successfully which is take the advantage you have and press them. we have a series of advantages. they're demographic. we are
CNN
Oct 6, 2012 10:00am PDT
both alan simpson and erskine bowles to find sensible solutions to the current gridlock. think of this as simpson-bowles 2.0. senator nunn has been highly critical of both republicans and democrats over their handling of the fiscal cliff that threatens our economy. senator nunn you said both sides steam have a political strategy but their governing strategy is in doubt. those are your words. have you ever seen america so broken that lawmakers would rather take the economy to the brink. why are we richinging this? why are rerisking people's decisions whether to employ somebody. >> it's a very dangerous game of chicken going on and i think that game needs to be changed and even changed quickly. the lame duck session can do that. what i would like to see is instead of kicking the can down the road and kicking the cliff down the road with this same draconian solution if we don't reach an agreement change the can before you kick it. that means something like simpson bowles. so you give the next congress time to take their own course if they choose to but failing that would you have a soft l
CNBC
Oct 15, 2012 1:00pm EDT
, senator rob portman, eric cantor, erskine bowles, alan simpson, all attending meetings convened by katherine wilde also on the business side, some of the co-hosts of these events include names lie rupert murdoch, ted mathis, lloyd blankfein and lloyd hutchens of silver lake. i asked her why with all of this experience, did she think there would be a deal this year. >> i'm confident that there will be some kind of -- there will be some path toward a solution by new year's eve. the chances are it will not be done because these are going to be complicated negotiations. >> sue, i also asked her whether business groups would like a deal that includes some kind of tax increases. she says they're open to that as long as they get a deal and the deal comes on the right terms. >> as the deadline gets closer, has miss wylde had more success in bringing more big ceos into the tent? last week we heard from jamie dimon and we heard of course on our air from mr. blankfein but has she been able, as the clock keeps ticking, to get more people to cooperate with her and work with her towards this? >>
CNBC
Oct 12, 2012 3:00pm EDT
bow to the god of re-election. >> as alan simpson said the other day. that is bizarre. anyway -- >> so from war to peace. the european union winning this year's nobel prize. not an individual. >> the whole european union. >> the whole thing. even as it faces the threat of disintegration from its crippling debt crisis -- why are we showing ining this video? there you go. >> these are the winners of the nobel peace prize this year. >> and this is a calm picture. >> trust me, it's going to get better, right? let's not forget, who awards the nobel prize? the norwegians. they're members of the eu. they just gave themselves the nobel peace prize, right? >> they seem to think they were encouraging the european union to keep going and that this would be helpful in some way. i think it's absolutely absurd and ridiculous. >> a little disingenuous. >> completely disingenuous and insulting to the people suffering on the ground. makes no sense to me. >> that one, i can't wait to see the acceptance speech on that one. >> you're right. who's going to do it? >> or what are they going to say?
MSNBC
Oct 15, 2012 9:00am PDT
! not a whole lot according to former senator alan simpson. >> they worship the god of re-election. they're figuring all that and how to duck every hot issue before november 6th and then erskine says the whirlpool of 7 trillion bucks is going to hit us like a rainstorm. >> joining us now is chief washington correspondent for cnbc and writer at "the new york times," the inimitiable john harwood. it is great to see you, my friend. and i wonder, as someone that covers fiscal matters, money matters broadly, are politicians talking enough about the fiscal cliff, or is this just something that is going to have to wait until after the election? >> it's going to have to wait until after the election. no, they're not talking enough about it. no, they're not preparing the american people for what's going to come. however, it's not within the power of lawmakers right now to settle this. they got as far as they could with the boehner and the obama talks in the summer of 2011. when those collapsed, it was really left to each side to take your best hold, fight it out in the election, and whichev
FOX Business
Oct 3, 2012 8:00pm EDT
already is. alan simpson, chair of the debt commission. i don't know a lot of public servants, but, senator, honor to have you. >> always a treat. i must say your humor is contagious. neil: i learn from you. >> i'm chuckling here on the side, and i shouldn't be doing that, but i am. i will stop now because we have to be serious about this. neil: you want to make sure they are serious about it. what do you want to hear? >> well, i think i want to hear they talk about what they really do with the debt of $16, and -- debt of $16 trillion, and the deficit will be $1.2 trillion when the time is up and what they do to address that. my hunch is there will be some very creative ducking. in fact, it may look like fred on steroids tap dancing across the stage and the tap dancing here. neil: but do you think it's in mitt's interest to paneled the debt and remind people even though it could cast on both parties that he's the guy to address it, and here's the ideas. is a debate the place to do it? >> i don't know. he's got to be himself. there is self to him. i met him when i was in harvard. i
CBS
Oct 9, 2012 7:00am EDT
budget cuts that both parties could agree to. we've learned that alan simpson, the chairman of a bipartisan commission, is also expected to attend that meeting. a recent report says that if the nation were to go off the so called fiscal cliff, that could impact 88% of u.s. taxpayers. and that their taxes would go up by an average of $3,500 a year. last week we talked with a well respected economist and one member of the gang of eight. both of them said that there is a strong chance that congress will not come to an agreement by january. if that happens, there will be some tax increases and some budget cuts which may go into effect, or congress may find a way to push the decision into the first months of the new year. but either way, you can expect pressure to build from the public and the markets trying to force congress to do something. >>> the international monetary fund is warning another global recession could be on the way. the imf says the risk of a worldwide slowdown is alarmingly high. germany's chancellor is holding financial talks this morning with the prime minister of
FOX Business
Oct 16, 2012 1:00pm EDT
coverage at 8:00 talking to louisiana governor bobby jindal and alan simpson and after the debate don't forget to log on to foxbusiness.com and cast your vote for who you think won. i'm going to vote 50 or times. [talking over each other] melissa: i just thought -- [talking over each other] lori: on natural gas five to the cme for a check on commodities and -- melissa: apple teasing consumers that they have a little more to show us at an event next week. doesn't mean many as in many ipad, but first look at metals as we head to the break. you see gold and silver trading over copper losing ground. ...seems like you guys got a little gassed out there. enough already. c'mon ys. next questn. hello! what's your favorite color? what's my favorite color? yes. purple. what's your favorite animal? sea turtle. what's your bedtime? do you believe inpace aliens? ...i love puppies. hash browns or home fries? home fes. do you like my dress? why can't you guys ask good questions like this? [ morgan ] for a chance to interview an nfl player... join visa nfl fan offers and make your seasonpic. chances ar
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